Chapter 3
Which of the following examples does not show a company guided by enlightened self-interest A) A company providing assistance to employees who attend evening college B) A company breaking past records by maximizing quarterly profits C) A company vice- president invited to attent a local community's town planning meeting D) A company providing the best quality product at a fair price
B) A company breaking past records by maximizing quarterly profits
Which of the following companies is being the most socially responsible? A) A company halting its production of toxic gases after it discovered that people objected to this practice and threatened legal action B) A company trying to maximize its profits and then contributing to an environmental protection fund C) A company trying its best to operate in a way which will help local students get education and jobs D) A company changing its product design to comply with regulatory mandates
C) A company trying its best to operate in a way which will help local students get education and jobs
The capability of corporations to influence government, the economy, and society, based on their organizational resources is called: A) Corporate power B) Corporate media C) CEO power D) Corporate citizenship
A) Corporate power
What is one advantage of operating as a B corporation? A) Government certifications are frequently conferred B) Audits are not required C) They are tax-free organizations D) FInancial reporting is not required
A) Government certifications are frequently conferred
An emerging business model that attempts to strategically balance the interest of all stakeholders to solve social and environmental problems is called A)B-Lab B) B-Corporation C) CSR Corporation D) Balanced Corporation
B) B-Corporation
Companies deonstrate global corporate citizenship by: A) Integrating concern for both financial and social performance B) Both these answers are correct. Finding business opportunities that serve society and integrating concern for both financial and social performance C) Finding business opportunities that serve society D) Building reactive stakeholder partnerships
B) Both of these answers are correct
Some of the companies have created a department of corporate citizenship to: A) Decentralize under common leadership wide-ranging corporate citizenship functions B) Centralize under common leadership wide-ranging corporate citizenship functions C) Adopt the United National Global Compact Principles D) Narrow the job of the public relations office
B) Centralize under common leadership wide-ranging corporate citizenship functions
Which of the following statements is true about corporate social responsibility? A) A company should seek maximum profits from its operations in order to provide the best for society B) Corporations should be accountable for any actions that affect people, their communities, and the environment. C) Both of these answers are correct: Businessess should monitor and prevent social problems in advance of their becoming major issues; and corporations should be accountable for any actions that affect people, their communities, and the environment D) Businesses should monitor and prevent social problems in advance of their becoming major issues
C) Both of these answers are correct
Proponents against corporate social responsibility feel that public officials, not business people, should solve societal problems because: A) Business people do not have the skill set to solve societal problems B) The private sector is not mandated to solve these problems C) neither of these answers are correct D) Both of these answers are correct
D) Both of these answers are correct
The iron law of responsibility says that: A) Law is most important, more than social or economic responsibility B) In the long run, economic responsibility leads to social responsibility C) In the short run, Sacrifice social goals for economic goals D) In the long run, those who do not use power responsibly will lose it
D) In the long run, those who do not use power responsibly will lose it